Lake Norman Convention & Visitors Bureau is a 501(c)(6) organization based in Cornelius, North Carolina, registered in 2002, with $1,128,506 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$1.1M
▲ 13.4% vs prior year
Community median: $184K
Expenses (FY2024)
$1.1M
Net assets
$795K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Lake Norman Convention & Visitors Bureau— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lake Norman Convention & Visitors Bureau: 9 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Lake Norman Convention & Visitors Bureau— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lake Norman Convention & Visitors Bureau: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $579K (FY2013) to $1.1M (FY2024) across 11 reported years.
Financial snapshot
Operating margin
5.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$803K
Total liabilities
$8,307
Net assets
$795K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,128,506▲13.4% | $1,063,820▲8.5% | $794,891▲8.9% | $803,198▲8.4% | 990 |
| 2023 | $994,904▲18.0% | $980,809▲12.7% | $730,205▲2.0% | $741,294▲3.5% | 990 |
| 2022 | $843,278▲18.8% | $870,580▲11.4% | $716,110▼3.7% | $716,110▼3.7% | 990 |
| 2021 | $709,925▼28.3% | $781,837▲8.2% | $743,412▼8.8% | $743,412▼8.8% | 990 |
| 2020 | $990,781▲12.9% | $722,254▼4.5% | $815,324▲49.1% | $815,324▲49.1% | 990 |
| 2019 | $877,478▲2.5% | $756,125▼7.5% | $546,797▲28.5% | $546,797▲28.5% | 990 |
| 2018 | $855,999▲5.1% | $817,049▲2.1% | $425,444▲10.1% | $425,444▲10.1% | 990 |
| 2017 | $814,384▲9.9% | $800,277▲9.8% | $386,494▲3.8% | $386,494▲3.8% | 990 |
| 2016 | $741,265▲16.6% | $728,894▲31.9% | $372,387▲2.3% | $372,387▲0.4% | 990 |
| 2014 | $635,737▲9.7% | $552,517▲13.7% | $364,092▲29.6% | $370,877▲26.9% | 990 |
| 2013 | $579,283 | $486,056▲6.4% | $280,872▲49.7% | $292,169▲39.4% | 990 |
| 2012 | — | $456,924 | $187,645 | $209,565 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Lake Norman Convention & Visitors Bureau (EIN 56-2249663) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.